Washington Post Global panel seeks economic solutions to climate change USA TODAY Energy efficiency has more potential to reduce greenhouse gas emissions than any other single current option, the World Bank's former chief economist Lord Nicholas...
Boosting efficiency could provide 30% to 40% of needed carbon reductions while also lowering energy bills for businesses, governments and homes, Stern told reporters. He said there's also plenty of new energy technologies, including tidal power and smaller nuclear power plants, that have emerged since his landmark 2006 "Stern Report," which warned that rising temperatures could cost the world up to 20% of its economic output.
Stern joined Mexico's former president Felipe Calderon at a press briefing in Washington, D.C., to describe their effort to develop a win-win road map for curbing heat-trapping emissions while promoting economic growth. Their Global Commission on the Economy and Climate plans to put its best ideas forward in a September 2014 report — prior to the next major United Nations climate change conference in Paris in 2015.
"Now it's time for the economists to make their case," said Calderon, former chairman of state oil producer Petroleos Mexicanos. He said many policymakers assume that reducing emissions will erode economic growth but said that's not the case, adding the panel will analyze the costs and financial savings of fighting climate change.